Chinese backers have moved to take a share of the quintessentially British Aston Martin Lagonda brand.
Geely, who are behind Volvo, Polestar and Lotus, have taken a 17% stake of £234M in the Gaydon and St Athan luxury car makers and may raise it to 22%.
The move makes the Chinese giant the third-largest shareholder in Aston Martin, behind the Saudi Arabian Public Investment Fund (18% holding) and the Lawrence Stroll-led Yew Tree Consortium (21%).
